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Changes in accounting for business combinations and the treatment of goodwill : the release of SFAS No. 141 & 142

Changes in accounting for business combinations and the treatment of goodwill : the release of SFAS No. 141 & 142

Author

Lefort, Ryan M.

Keywords

University of New Orleans. Honors thesis. 2002.; University of New Orleans. Dept. of Accounting.

Abstract/Introduction

The purpose of this paper is to examine the market effects of recognizing goodwill under Opinion 16 and to suggest how the new rules might alter these effects. Since these two statements have been effective only for a short time, there have been few studies of their impact on financial reporting. However, because of the magnitude of these changes on the business world, there has been a lot of speculation on the possible consequences of changing these rules. Since the FASB released these rules to correct problems in the old rules (3), the intent is to examine the question of whether the new rules will accomplish what the FASB has intended. In examining the merger and acquisition activity of five SIC codes before the release of the new rules, the results show that a company's stock price may not be adversely affected when accounting for a business combination under the purchase method, as opposed to using the pooling method to account for the combination.

Access

PDF access restricted to UNO campus only

Degree

B.S.

Degree Program

Accounting

Department

Department of Accounting

Thesis Advisor

Lousteau, Carolyn L.

Advisory Committee

Hosch, Gordon; Blanton, Linda Lonon

Date Degree Awarded

2002;

Rights

The University of New Orleans and its agents retain the non-exclusive license to archive and make accessible this thesis in whole or in part in all forms of media, now or hereafter known. The author retains all other ownership rights to the copyright of the thesis.

Notes

v, 54 leaves : ill. ; 29 cm.; typescript; "An honors thesis ... in partial fulfillment of the requirements for the degree of Bachelor of Science, with University Honors and Honors in Accounting"; Thesis (B.S.)--University of New Orleans, 2002; Includes bibliographical references (leaves 53-54); December 2002; approved December 12, 2002.